and deciding when to taper and how rapidly to taper. more important like, how to communicate detentions to the markets. landly, the asset purchase cannot go on forever. it has to begin to taper at some point. the fed is still going to rely on the short-term interest rate to support the recovery. the markets have not gotten the message. the markets started tightening. long-term interest rates decided to rise more. >> speaking of message, the beige book showing that consumers increase their spending in most regions of the united states. spending on black friday, that they'll. how do you reconcile this seeming disparity, especially with retailers having to offer steep discounts to get into the stores, only been to see them have second thoughts and not open up their wallets?